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The big surprise is the election of Didier Stossel in front of 4 of the PPF televisions, but without the Bulgarian
A Frenchman with a career in Bulgarian television will manage 4 of Czech billionaire Petr Kellner’s television companies, but without BTV. Didier Stossel, who until a year and a half ago headed Nova Broadcasting Group, takes over the media groups of the Czech Republic, Slovakia, Romania and Slovenia, which until yesterday were part of the American SME. (See for him on the box). In fact, SME still exists, but already owned by PPF.
In Bulgaria, however, Kellner will send his compatriot Lyubosh Yetmar, who will be the new CEO of SME Bulgaria, the company that will manage BTV, the PPF Group officially announced.
On October 13, as announced a week ago, the company said that its wholly-owned subsidiaries had completed the acquisition of Central European Media Enterprises (CME), the current owner of BTV.
Unlike the previous comments that it is possible that the management of television in our country will change the next day, it remains for now.
Yetmar does not replace current BTV Media Group director Florian Scala and “looks forward to working with him,” the statement read.
Lyubosh Yetmar becomes the CEO of the new company SME Bulgaria, which will practically manage BTV Media Group. He will be responsible for the operational activities, strategy and future development plans of the media group.
Yetmar has more than 20 years of experience in radio and television. Until the beginning of September, he was chairman of the board of the GES Media Asset group, which owns the second largest Czech television station, Prima. He was managing director of Radio United Broadcasting, also part of the Prima Group. He previously worked for NGO.
PPF understands the vital role of independent and objective media in today’s society and
will continue to
It adheres to
values,
Who did it
the news of
BTV a lot
Dear
it says in the official announcement.
“BTV is a well-managed company with exceptional customer reach and brand recognition, and I look forward to working with their management team. My priority is to continue the mission of BTV by providing independent and objective news as well as high-quality entertainment for our viewers, “said Lubos Yetmar for his new role.
Obviously, there will be no quick changes. At least this is also evident in Peter Kellner’s statement following the final closing of the deal yesterday: “We have a sense of responsibility for the achievements of SMEs with these television networks. We want to build on this success and the position they occupy in the relevant markets as independent operators. We will work to create new business opportunities between media operators and telecommunications services.
It is a pleasure to have such a strong and loyal audience and we intend to strengthen connections with our viewers through content and an excellent user experience. “
The waiter, the majority shareholder of PPF, is also the owner of the telecommunications company Telenor in Bulgaria. It is probably not in vain that there is talk of cooperation between television and telecommunications services. As he put it, it means that there is nothing true in the rumor of a recent resale on BTV. Even during the deal, media watchers persistently discussed how the United Group of Serbia (owned by the telecommunications operator Vivacom in our country – ba) will buy PPF televisions in Bulgaria, Slovenia and Romania. The waiter would leave only the media in the Czech Republic and Slovakia.
On Tuesday, the day the Czech group took over the 5 televisions, a new rumor immediately appeared: “United” wanted to buy Nova TV.
What is the truth, of course, no one can tell when it comes to large amounts of money.
And probably because of that also yesterday, October 13,
“New
Broadcasting
group “announced that
now it’s official
owner of
“Channel 3”,
The Voice TV, Magic TV and the radios “Vitosha”, “Veselina”, The Voice and Magic FM. The extension of the media group is already registered in the Mercantile Registry and in the Registry of Non-Profit Legal Entities.
French helped
PPF in case of failure
deal with Nova
After leaving the management position at Nova Broadcasting Group and Bulgaria (living in Thessaloniki) a year and a half ago, Didier Stossel now became CEO of SME, the company that will manage PPF’s media groups in the Czech Republic, Romania and Slovakia. and Slovenia.
Stossel has known Petr Kellner from the time the Czech billionaire was negotiating with Nova’s previous owners, the Swedes from MTG, to buy his media company in Bulgaria. He then helped carry out the deal, people familiar with the matter say.
The Frenchman became CEO of Nova Broadcasting Group in 2012 and held this position for almost 7 years. He left when brothers Kiril and Georgi Domuschievi bought the media company and he sold his small part.
Stossel first entered the Bulgarian media market in 2005, when the British media company Apace Media, run by him, bought part of the music TV MM OOD. It later became part of BMGL (Balkan Media Group Limited), a joint venture between Apace Media Group UK and the Swedish media company Modern Times Group (MTG).
Stossel holds a Master of Business Administration (MBA) from INSEAD and specializes in EU Institution Management at ENA University in Paris.
Company for
49 billion euros
2.1 billion dollars is the price of the agreement with which the Czech group PPF acquired the televisions of the American SME.
PPF Group is an international financial and investment group whose companies operate in various industries, including financial services, telecommunications, biotechnology, real estate, and mechanical engineering. The growth of the company is due to the development of traditional and new industries, the creation of modern infrastructure and the digital economy. Its activities extend from Europe to North America and Asia. Its assets are almost 49 billion euros and its employees around the world: 135 thousand people, according to data from December 31, 2019.
PPF was founded in 1991. Its name comes from Prvni privatizacni fond (“First Privatization Fund”). Its holding company PPF Group NV is registered in Amsterdam. The main owner is Peter Kellner, whose fortune Forbes magazine estimates at $ 18.5 billion. The minority shares belong to Ladislav Bartonicek and Jean Pascal Duvesar.
According to the official website of PPF Group NV, the group owns 21 companies, including 100% of Home Credit BV (Home Credit group holding company – consumer loans in Central and Eastern Europe), HC Asia NV (consumer loans in Asia), PPF Real Estate Holding BV (company specialized in real estate projects). By the way, it is claimed that Home Credit has been the main source of income for the whole group since it entered China, USA and India.
In 2018, PPF acquired the activities of the Norwegian telecommunications group Telenor Group in Bulgaria, Hungary, Montenegro and Serbia for 2.8 billion euros. Under the previously signed contract, the Bulgarian unit is estimated at 810 million euros.
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